LIABILITY - Posted by NEWONE

Real Estate Investing Real Estate Law
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Posted by Rich-CA on May 15, 2007 at 15:07:30:

Sad thing is that anyone can sue for any reason. But a rule of thumb is that once a sale is completed, buyer has to prove that seller knew about the condition in advance before they can get an award from a judge.

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LIABILITY - Posted by NEWONE

Posted by NEWONE on May 15, 2007 at 14:28:13:

3 YEARS AFTER A HOUSE SALE EXTENSIVE DRY ROT IS FOUND… HOME AND TERMITE INSPECTIONS WERE DONE AT THE TIME OF SALE…CAN THE SELLER BE LIABLE FOR DAMAGES?

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Re: LIABILITY - Posted by NEWONE

Posted by NEWONE on May 16, 2007 at 12:19:16:

THANKS GUYS…I WAS THE SELLER AND THE HOUSE WAS INSPECTED BY HER INSPECTORS!!!THE LIMITED AMOUNT OF DRY ROT THAT WAS FOUND AT THE TIME WAS REPAIRED BY HER PEOPLE!!!
WOULDN’T THE INSPECTORS BE THE SOURCE FOR LIABILITY, IF ANY???

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Long Shot - Posted by Jimmy

Posted by Jimmy on May 16, 2007 at 07:58:57:

as Rich stated, if you can prove the Seller knew about the problem, you may have a claim.

are you sure the dry rot was there 3 years ago? how do you know?

if it was obvious, ten why didn’t your inspector find it? why didn’t you see it?

if it wasn’t obvious, you probably hae no claim against anyone. if it would have required a destructive inspection to find it, you’ve got no claim in other words, if the only way to have found it was by tearing into wall or tearring out the subflooring…